1When Non-Resident is Required to File Income Tax Return in India?
A non-resident is required to file an income tax return in India if they have earned any income from a source in India or have received income that is deemed to accrue or arise in India. The following scenarios require a non-resident to file an income tax return in India:
1. Income received or earned from a business or profession set up in India.
2. Income received or earned from a property owned in India.
3. Income earned from a salary paid by an Indian employer.
4. Income earned from a capital asset situated in India.
5. Income earned from interest on any savings bank account or fixed deposit in an Indian bank.
6. Income earned from a pension received from an Indian source.
7. Any other income that is deemed to accrue or arise in India.
It is important to note that the tax laws in India are subject to change, and it is advisable to consult with a qualified tax professional for the latest information on the tax filing requirements for non-residents.
Non-Resident individuals are required to file an income tax return in India if their total income during the financial year exceeds the basic exemption limit, which is currently set at Rs. 2.5 lakh. However, if the non-resident individual has earned only income which is not taxable in India, such as income which is exempt under the Income Tax Act, or income on which tax has already been deducted at source in India, and the total income does not exceed the basic exemption limit, then there is no requirement to file an income tax return in India.
It is important to note that if the non-resident individual has earned income from more than one source or has capital gains income, then they may be required to file an income tax return even if their total income does not exceed the basic exemption limit. It is advisable to consult a qualified tax professional for specific advice regarding individual circumstances.